FINRA brought its first Better Interest enforcement action in 2022, but it is already among the top five issues for the brokerage regulator. according to a new study by Eversheds Sutherland. Cases related to Reg BI brought the fourth-highest amount of fines in 2023, according to the law firm's annual assessment of FINRA data. FINRA…
Read MoreBaird Private Wealth Management, a dual-registered wealth management arm of Robert W. Baird & Co., has added Palm Financial Group to its Madison West office in Wisconsin. Previously with UBS, where they oversaw $680 million in assets, the Palm Financial team includes Michael Palm and his sons Matthew Palm and Nicholas Palm, all of whom…
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Everyone is talking about the CPA shortage, but we should be just as concerned about the estate planner shortage. With record numbers of young people (and new business owners) retiring, an estimated $30 trillion in wealth will be transferred between generations. But that's not all. As I wrote last month, The gift and property exemption…
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In the first episode of Season Two of the Focused on the Future podcast, veteran industry leader Suzanne Siracuse chats with Carina Diamond, CEO of Stella Secunda and Director of Diversitas, Expanding Diversity in Wealth Management. They discuss the importance of adopting a personal approach with each client and how this leads to more business….
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Hello and welcome to this week's edition of 401k Real Talk. This is WealthManagement.com's Fred Barstein Omnichannel RPA Contributing Editor & CEO at TRAU, TPSU & 401kTV – I Review everything from the past week's stories and pick out the most relevant and interesting ones offering an open honest and frank discussion that you wouldn't…
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Measured by the ratio of monthly net flows to assets. Minimum $10 million in net assets. Data as of 3/8/2024. Aniket Ullal is VP, ETF data and analytics for CFRA, one of the world's largest providers of independent investment research. Aniket founded First Bridge Data, a leading source for global ETF data and analytics that…
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When billionaire Mat Ishbia bought a majority stake in the NBA's Phoenix Suns from Robert Sarver for $4 billion in 2023, alternative asset manager Blue Owl Capital had reason to celebrate. Just 18 months ago, one of the Blue Owl's private equity funds, Dyal HomeCourt Partners, bought a 5% minority stake in the team in…
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Private equity funds are facing a massive exit load, according to a new report from Bain & Co. Publicly listed REITs are trading at a 15% discount to their consensus NAVs, based on S&P Global Market Intelligence data. These are among the investment must-reads we found this week for wealth advisors. WealthManagement.com Staff | March…
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An adviser formerly associated with LPL Financial claims the firm stole his business from his hands, bringing his assets under management from about $450 million to zero overnight. Mark Lamkin filed a lawsuit in Kentucky state court that collided in federal court this week, naming his firm, Lamkin Wealth Management, as a plaintiff against the…
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Advisors routinely ask us about the changes we're seeing in the wealth management industry as they relate to advisor movement and deals. Questions like: Where are the deals going? Which firms are the most successful recruiters? Which firms are losing top talent? What business models are most attractive to advisors? …
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